COMPETITION LAW
Karnataka High Court Reserves Orders On Pleas Challenging CCI Probe Into Amazon, Flipkart-Linked Sellers
The Karnataka High Court on April 10 reserved its judgment in a batch of writ petitions challenging the scope of the Competition Commission of India's probe into alleged anti-competitive practices by Amazon and Flipkart, particularly the power of the Director General to array additional parties during the investigation.A single-judge bench of Justice M. Nagaprasanna, after hearing the parties, reserved the judgment.Senior Advocate K.G. Raghavan, appearing for Rocket Kommerce LLP and related...
CCI Finds No Abuse of Dominant Position by Arthur Flury India In Railway Electrification Component Supply
The Competition Commission of India has closed a complaint accusing Arthur Flury India Pvt. Ltd., the Indian arm of a Switzerland-based engineering firm, of profiteering and discriminatory pricing in the supply of Short Neutral Section Assemblies used in railway electrification systems, after finding no prima facie abuse of dominance. The order, dated April 7, 2026, was passed by a bench comprising Chairperson Ravneet Kaur and members Anil Agrawal, Sweta Kakkad and Deepak Anurag. The complaint...
CCI Approves Indriya's Proposed Acquisition Of 14.2% Stake In Aditya Birla Housing Finance
The Competition Commission of India has approved the proposed acquisition of a 14.286% stake in Aditya Birla Housing Finance Limited by Indriya Limited. It said a detailed order will follow. Indriya Limited will acquire the stake through a preferential issue on a private placement basis. The shareholding will be 14.286% of the post-issue paid-up capital on a fully diluted basis. Indriya Limited is an investment holding company with no operations in India. Aditya Birla Housing Finance Limited...
CCI Approves Torrent Power's Proposed 100% Acquisition Of Nabha Power from L&T
The Competition Commission of India has cleared Torrent Power Limited's proposed acquisition of 100% stake in Nabha Power Limited from L&T Power Development Limited, paving the way for the Ahmedabad-based firm to take full control of a key thermal power asset in Punjab.The deal covers both equity shares and optionally convertible redeemable preference shares of Nabha Power, which runs a 2x700 MW supercritical thermal power plant at Rajpura and has been operational since 2014.Torrent Power,...
CCI Clears Citrus Investment's Proposed Stake Hike In Hitachi Construction Machinery, Sole Control of HCJI
The Competition Commission of India has cleared a proposed deal involving Citrus Investment LLC and Japanese construction equipment maker Hitachi Construction Machinery Co Ltd.Under the proposed transaction, Citrus will acquire an additional 0.4% stake in Hitachi Construction Machinery through stock market purchases, and take full control of a joint venture company, HCJI Holdings K.K., which was earlier jointly owned.Citrus is an investment firm that only holds shares and does not run any...
CCI Finds 17 Vendors Guilty Of Bid Rigging In Assam Police Housing Tenders, Issues Cease And Desist Order
The Competition Commission of India has held 17 vendors guilty of bid rigging in tenders floated by the Assam Police Housing Corporation Limited (APHCL), finding that the bidders colluded through bid rotation and cover bidding to manipulate the tender process.However, the Commission declined to impose any monetary penalty, instead directing the vendors to cease and desist from such anti-competitive practices and warning of stricter consequences in case of any repeat violations.A coram of...
CCI Directs Investigation Against Venkateshwara Hatcheries Group, Finds Prima Facie Vertical Restraints
Today, the Competition Commission of India (CCI) found a prima facie case of vertical restraints against the Venkateshwara Hatcheries Group and its group companies and directed an investigation under Section 26(1) of the Competition Act, 2002. A Bench comprising Chairperson Ravneet Kaur and Members Anil Agrawal, Sweta Kakkad, and Deepak Anurag directed the Director General (DG) to conduct the probe and submit a report within 90 days. The Bench held:“In view of the foregoing, the Commission is...
CCI Approves BlackRock-Linked GIP EM Star Investment In Aditya Birla Renewables
The Competition Commission of India (CCI) on Wednesday approved the proposed subscription of certain equity share capital of Aditya Birla Renewables Limited by GIP EM Star Pte. Ltd., according to a press release dated March 25, 2026. GIP EM Star Pte. Ltd., the acquirer, is incorporated in Singapore and is owned by certain funds managed by GIM EM Manager LLC. GIM EM Manager LLC is wholly owned by Global Infrastructure Management, LLC, which in turn is an indirectly majority-owned subsidiary of...
CCI Clears MUFG Bank's Proposed Stake Purchase in Shriram Finance
The Competition Commission of India (CCI) on Wednesday approved the proposed acquisition of certain shares in Shriram Finance Limited by Japan based-MUFG Bank Ltd.MUFG Bank Ltd is wholly owned and controlled by Mitsubishi UFJ Financial Group, Inc., a financial services and holding company incorporated in Tokyo. In India, the bank provides corporate banking loans, deposit accounts, remittances, trade finance, bank guarantees, and hedging services.Shriram Finance Limited is a publicly listed...
CCI Nods For Merger Of Coursera Unit With Udemy; Coursera To Acquire Sole Control
The Competition Commission of India (CCI) on Wednesday approved the proposed merger of Chess Merger Sub, a wholly owned subsidiary of US-based education technology company Coursera Inc., with online learning platform Udemy Inc., a transaction that will result in Coursera acquiring sole control over Udemy. The proposed combination involves the merger of Udemy Inc. with Chess Merger Sub, a newly incorporated wholly owned subsidiary of Coursera Inc., with Udemy surviving as a wholly owned...
CCI Approves State Street's Proposed Acquisition Of Stake In Groww Asset Management
The Competition Commission of India (CCI) on Wednesday approved the proposed acquisition of shareholding in Groww Asset Management Limited, the asset management arm of the Groww investment platform, by State Street Global Advisors Inc., the asset management arm of State Street Corporation. The proposed transaction relates to the acquisition of shareholding by State Street Global Advisors in Groww Asset Management Limited, a wholly owned subsidiary of Billionbrains Garage Ventures Limited that...
CCI Rejects Bid-Rigging Allegations In BESCOM Smart Meter Tender, Closes Case
The Competition Commission of India (CCI) has dismissed allegations of bid-rigging and collusive conduct against Bangalore Electricity Supply Company (BESCOM) and two contractors in a smart meter procurement tender, finding no prima facie contravention of the Competition Act. A coram of Chairperson Ravneet Kaur and Members Anil Agrawal, Sweta Kakkad and Deepak Anurag passed the order. The information was filed by Mahesh N. R., a consumer of BESCOM, alleging that BESCOM, along with Rajashree...